Guardian Capital LP Sells 11,892 Shares of Nutrien Ltd. $NTR

Guardian Capital LP lowered its stake in shares of Nutrien Ltd. (NYSE:NTR) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261,067 shares of the company’s stock after selling 11,892 shares during the period. Guardian Capital LP owned approximately 0.05% of Nutrien worth $15,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Nutrien by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 21,983,443 shares of the company’s stock valued at $1,291,022,000 after buying an additional 80,135 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Nutrien by 14.0% in the second quarter. First Eagle Investment Management LLC now owns 13,268,229 shares of the company’s stock worth $772,742,000 after acquiring an additional 1,627,328 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Nutrien by 48.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 11,944,730 shares of the company’s stock worth $696,058,000 after acquiring an additional 3,900,755 shares in the last quarter. TD Asset Management Inc grew its stake in Nutrien by 16.5% in the third quarter. TD Asset Management Inc now owns 7,368,861 shares of the company’s stock valued at $432,838,000 after acquiring an additional 1,043,766 shares during the period. Finally, Norges Bank acquired a new stake in Nutrien in the second quarter valued at approximately $395,842,000. Institutional investors own 63.10% of the company’s stock.

Nutrien Stock Performance

Shares of Nutrien stock opened at $76.26 on Friday. The company has a market cap of $36.69 billion, a PE ratio of 16.36 and a beta of 0.70. Nutrien Ltd. has a 52 week low of $45.78 and a 52 week high of $78.00. The business has a 50 day moving average price of $68.48 and a 200-day moving average price of $61.84. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 0.37.

Nutrien (NYSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Nutrien had a net margin of 8.43% and a return on equity of 8.41%. The company had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.26 billion. During the same quarter in the prior year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Nutrien Ltd. will post 3.72 earnings per share for the current fiscal year.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.55 per share. This is a boost from Nutrien’s previous quarterly dividend of $0.55. The ex-dividend date is Tuesday, March 31st. This represents a $2.20 annualized dividend and a yield of 2.9%. Nutrien’s dividend payout ratio (DPR) is 46.78%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their target price on Nutrien from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Zacks Research downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen lowered shares of Nutrien from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. BNP Paribas Exane lowered shares of Nutrien from an “outperform” rating to a “neutral” rating in a research note on Monday, February 23rd. Finally, Scotiabank upped their price objective on shares of Nutrien from $63.00 to $70.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.82.

Nutrien Profile

Nutrien Ltd. is a global fertilizer and agricultural-services company headquartered in Saskatoon, Saskatchewan, Canada. The company is publicly traded and operates across the farm input value chain, combining upstream fertilizer production with a broad retail and services platform aimed at supporting crop production worldwide. Nutrien’s business model integrates the manufacture and distribution of crop nutrients with on-the-ground agronomic support for growers and agricultural businesses.

Nutrien produces and supplies the three primary fertilizer nutrients—potash, nitrogen and phosphate—through its wholesale operations, and markets a wide range of crop inputs including seeds and crop protection products.